Home  
Site Partners: SpotterGuides Veloce Books  
Related Sites: Baltic Touring Car Championship Your Link Here  

Go Back   TenTenths Motorsport Forum > Saloon & Sportscar Racing > Touring Car Racing

Reply
 
Thread Tools Display Modes
Old 14 Dec 2020, 16:29 (Ref:4022921)   #1
mogwai
Rookie
 
Join Date: Jan 2004
United Kingdom
Posts: 53
mogwai should be qualifying in the top 10 on the gridmogwai should be qualifying in the top 10 on the grid
Curious about Schnitzer

Sorry if this is not the place to post this but on the heels of the announcement of Schnitzer closing shop I have become interested in the settlement with Charly's estate.

If I recall, Charly stepped aside in 2018(?) and passed soon after.

It strikes me odd that the Schnitzer would have been so hamstrung by Charly's estate cashing out his shares. Certainly it is normal with firm's to pay partner shares out to an estate at passing, but the language used and the financial burden it appears to have placed on the company makes me wonder if there was something less than amicable going on.

To whit: From TouringCarTimes "The payment of the company shares in 2020 to the widow v. Charly Lamm was an enormous financial burden for the company,” said team manager Herbert Schnitzer Jr to LSR-Freun.de."

And then from DSC a couple days ago (this appears to be paraphrased from the TCT column); "...this a response to a combination of factors including the COVID19 down-turn, a financial settlement with the estate of long-time Team Principal Charly Lamm"

Had Schnitzer been running that hand to mouth for that long or was there something under the covers which made the settlement between Lamm and Schnitzer less than savory after he departed? Was Schnitzer Jr. left with too much on his hands following Charly's passing?

I realize I'm asking for conjecture here but even as a midwestern american boy, the Schnitzer name was so closely tied to BMW that someone who grew up in the sticks like I did still knew it. The heady days of late 1990's BMW still make me yearn for sportscars like that. Anyway, seeing it disappear is pretty depressing and I have a hard time understanding why.

I realize that BMW leaving was likely the biggest issue, and that COVID was a factor but Herbert Schnitzer Jr is clear that it is COVID combined with the settlement with Charly's estate was a contributory cause. I do financial analysis for a living, that strikes of ill-will or pure mismanagement or a series of cascading issues and it tickles my curiosity.
mogwai is offline  
Quote
Old 14 Dec 2020, 16:40 (Ref:4022925)   #2
stuart thompson
Veteran
 
stuart thompson's Avatar
 
Join Date: May 2010
England
Northfleet, Kent
Posts: 669
stuart thompson should be qualifying in the top 10 on the grid
The lack of competitive track action post Charly’s passing was a telling factor. 1 M6 never at the front of the grid tells all. 😢
stuart thompson is offline  
Quote
Old 30 Jan 2021, 23:01 (Ref:4032234)   #3
Juntos
Veteran
 
Join Date: Dec 2009
Posts: 2,451
Juntos is a back marker
Herb Schnitzer Jr is not Charly. No heart, no soul, no expertise. Still hope someone takes over the team, fire him and keep the brand "Schnitzer". I doubt, but I can dream.
Juntos is offline  
Quote
Old 3 Feb 2021, 13:35 (Ref:4033232)   #4
Racing Harz
Veteran
 
Join Date: Jun 2013
Germany
Herzberg am Harz
Posts: 2,000
Racing Harz should be qualifying in the top 10 on the gridRacing Harz should be qualifying in the top 10 on the grid
Schnitzer is gone...
http://gt-place.com/2021/02/03/vorau...-zu-verkaufen/
Racing Harz is offline  
Quote
Old 3 Feb 2021, 18:44 (Ref:4033302)   #5
Matt K
Veteran
 
Join Date: Nov 2016
Posts: 2,000
Matt K should be qualifying in the top 10 on the gridMatt K should be qualifying in the top 10 on the grid
It's terribly sad. Schnitzer was such a legendary team that seemed to go on forever... hard to believe they'll no longer be around. Unfortunately I didn't believe in any kind of miracle that would save them
Matt K is online now  
Quote
Old 3 Feb 2021, 18:45 (Ref:4033303)   #6
porsche962fan
Veteran
 
porsche962fan's Avatar
 
Join Date: May 2010
Posts: 4,426
porsche962fan should be qualifying in the top 10 on the grid
not the first legendary team to go

anyone remember ZAKSPEED ?
porsche962fan is offline  
Quote
Old 3 Feb 2021, 20:28 (Ref:4033324)   #7
Racing Harz
Veteran
 
Join Date: Jun 2013
Germany
Herzberg am Harz
Posts: 2,000
Racing Harz should be qualifying in the top 10 on the gridRacing Harz should be qualifying in the top 10 on the grid
Quote:
Originally Posted by porsche962fan View Post
not the first legendary team to go

anyone remember ZAKSPEED ?
Well, Zakspeed exist and is since many years a really healthy team.

2021 they´ll run:
- 2 Cars ADAC GT Masters
- 2-3 Cars ADAC GT4 Germany
- likely 2 Cars GT4 European Series
- maybe with the Viper GT3 on the Nordschleife
- in the GT Winter Series
- and have a really good historic arm.
Racing Harz is offline  
Quote
Old 4 Feb 2021, 14:19 (Ref:4033446)   #8
FIRE
Race Official
Veteran
 
FIRE's Avatar
 
Join Date: Jan 2003
Netherlands
Posts: 18,739
FIRE is going for a new world record!FIRE is going for a new world record!FIRE is going for a new world record!FIRE is going for a new world record!FIRE is going for a new world record!FIRE is going for a new world record!FIRE is going for a new world record!
I always assumed racing team and tuner AC Schnitzer was the same company or at least had same owners but apparently it's not.
FIRE is offline  
Quote
Old 4 Feb 2021, 14:25 (Ref:4033448)   #9
FIRE
Race Official
Veteran
 
FIRE's Avatar
 
Join Date: Jan 2003
Netherlands
Posts: 18,739
FIRE is going for a new world record!FIRE is going for a new world record!FIRE is going for a new world record!FIRE is going for a new world record!FIRE is going for a new world record!FIRE is going for a new world record!FIRE is going for a new world record!
Quote:
Originally Posted by Racing Harz View Post
Well, Zakspeed exist and is since many years a really healthy team.

2021 they´ll run:
- 2 Cars ADAC GT Masters
- 2-3 Cars ADAC GT4 Germany
- likely 2 Cars GT4 European Series
- maybe with the Viper GT3 on the Nordschleife
- in the GT Winter Series
- and have a really good historic arm.
But it took some time to recover.

Over the years other touring car teams have disappeared, like Bigazzi and Eggenberger.
FIRE is offline  
Quote
Old 5 Feb 2021, 23:20 (Ref:4033668)   #10
Juntos
Veteran
 
Join Date: Dec 2009
Posts: 2,451
Juntos is a back marker
Herbie Schnitzer is not his father. A problem is an expectation gone wrong.
Juntos is offline  
Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Schnitzer BMW 2002 History (Trento Bondone 1979) 74fuely Motorsport History 14 12 Jan 2006 01:33
BMW Schnitzer 2002 ti (Trento Bondone 1979 History) 74fuely Motorsport History 3 17 Sep 2004 10:52
just curious... f1grandprixshop Formula One 2 15 Aug 2001 02:05
Schnitzer punts PTG for 1-2 finish Heeltoe6 Sportscar & GT Racing 5 25 Jul 2001 16:07
PTG vs Schnitzer Heeltoe6 Sportscar & GT Racing 5 11 Apr 2001 20:52


All times are GMT. The time now is 12:26.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
Original Website Copyright © 1998-2003 Craig Antil. All Rights Reserved.
Ten-Tenths Motorsport Forums Copyright © 2004-2021 Royalridge Computing. All Rights Reserved.
Ten-Tenths Motorsport Forums Copyright © 2021-2022 Grant MacDonald. All Rights Reserved.